R1 RCM INC. RCM Income Statement

R1 rcm inc. (RCM)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Net services revenue ($208.4 million and $181.8 million for the three months ended March 31, 2020 and 2019, from related party, respectively)
320,500	314,000	301,200	295,000	275,900	262,900	250,400	207,900	147,300	140,300	123,200	99,400	86,900	106,200	125,500	8,700	352,200	68,302	15,842	22,085	10,971	47,456	90,745	58,975	12,964	83,861	18,342	374,408	28,157	18,764	16,122	16,274	21,094	66,515	18,027	10,752	6,672	158,424	151,905
Operating expenses:
Cost of services
253,900	262,600	241,900	246,100	237,200	222,700	219,300	189,900	138,700	127,200	111,800	96,400	80,900	62,100	47,400	45,100	45,100	38,716	45,326	42,762	42,196	43,893	45,370	47,949	44,932	41,749	47,544	49,926	47,533	47,013	44,948	49,387	47,318	45,129	40,571	38,739	34,276	126,272	118,014
Operating margin
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,152	33,891
Infused management and technology
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,760	16,148
Selling, general and administrative
25,500	27,800	28,300	25,800	22,500	28,800	29,600	22,500	17,000	14,700	15,100	12,200	14,300	15,700	16,200	24,600	17,600	15,274	21,395	20,969	17,362	16,274	16,785	19,458	17,366	16,657	22,562	18,675	22,057	16,836	17,718	15,424	17,772	21,320	14,881	12,718	14,349	11,911	10,309
Other expenses
8,700	9,300	7,400	10,700	8,800	7,500	7,300	13,200	2,400	2,100	1,400	1,000	200	800	500	8,700	10,800	3,436	3,964	600	1,300	18,859	13,846	18,760	35,301	15,497	9,182	8,253	1,031	-	1,343	588	-	-	-	-	-	-	-
Total operating expenses
288,100	299,700	277,600	282,600	268,500	259,000	256,200	225,600	158,100	144,000	128,300	109,600	95,400	78,700	64,100	78,400	73,500	57,440	70,685	64,342	60,833	79,026	76,001	86,167	97,599	73,903	79,288	76,854	70,621	65,632	64,009	65,399	65,090	66,449	55,452	51,457	48,625	27,671	26,457
Operating Income (Loss), Total
32,400	14,300	23,600	12,400	7,400	3,900	-5,800	-17,700	-10,800	-3,700	-5,100	-10,200	-8,500	27,500	61,400	-69,700	278,700	10,962	-54,843	-42,257	-49,862	-31,570	14,744	-27,192	-84,635	9,958	-60,946	297,554	-42,464	-46,868	-47,887	-49,125	-43,996	66	-37,425	-40,705	-41,953	4,481	7,434
Loss on debt extinguishment
-	-	0	-18,800	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net interest expense (income)
-3,800	-4,000	-5,000	-9,900	-10,200	-10,700	-10,000	-5,800	200	100	0	0	100	100	100	0	100	53	73	69	5	50	100	52	100	165	47	57	61	64	35	20	22	6	5	6	9	14	2
Income (loss) before income tax provision (benefit)
28,600	10,300	18,600	-16,300	-2,800	-6,800	-15,800	-23,500	-10,600	-3,600	-5,100	-10,200	-8,400	27,600	61,500	-69,700	278,800	11,015	-54,770	-42,188	-49,857	-31,520	14,844	-27,140	-84,535	10,123	-60,899	297,611	-42,403	-46,804	-47,852	-49,105	-43,974	72	-37,420	-40,699	-41,944	4,495	7,436
Income tax provision (benefit)
10,400	2,500	9,400	-11,100	-3,000	-1,100	-2,400	-20,600	12,700	36,600	-1,500	-3,500	-100	14,500	24,100	-28,900	111,400	5,512	-21,800	-15,900	-19,412	-13,869	5,291	-10,341	-29,812	3,737	-23,328	109,878	-15,938	-17,893	-16,447	-17,734	-15,921	680	-15,197	-16,743	-16,986	1,637	3,517
Net income (loss)
18,200	7,800	9,200	-5,200	200	-5,700	-13,400	-2,900	-23,300	-40,200	-3,600	-6,700	-8,300	13,100	37,400	-40,800	167,400	5,403	-32,970	-26,288	-30,445	-17,651	9,553	-16,799	-54,723	6,386	-37,571	187,733	-26,465	-28,911	-31,405	-31,371	-28,053	-608	-22,223	-23,956	-24,958	2,858	3,919
Net income (loss) per common share:
Basic (in dollars per share)
0.06	0.03	0.02	-0.09	-0.04	-0.10	-0.17	-0.07	-0.26	-0.44	-0.08	-0.11	-0.12	0.07	0.18	-0.45	0.85	0.06	-0.34	-0.27	-0.32	-0.18	0.10	-0.18	-0.57	0.07	-0.39	1.96	-0.28	-0.29	-0.32	-0.32	-0.28	0.00	-0.23	-0.25	-0.26	0.03	0.06
Diluted (in dollars per share)
0.05	0.04	0.01	-0.09	-0.04	-0.10	-0.17	-0.07	-0.26	-0.44	-0.08	-0.11	-0.12	0.07	0.18	-0.45	0.85	0.06	-0.34	-0.27	-0.32	-0.18	0.10	-0.18	-0.57	0.08	-0.39	1.93	-0.28	-0.29	-0.32	-0.32	-0.28	0.00	-0.23	-0.25	-0.26	0.03	0.04
Weighted average shares used in calculating net income (loss) per common share:
Basic (in shares)
114,441	113,034	112,230	110,956	109,802	109,621	109,089	108,157	105,831	102,191	102,225	102,467	101,364	102,002	100,934	99,414	98,289	98,167	97,230	95,941	95,889	95,790	95,775	95,753	95,723	95,706	95,689	95,679	95,675	96,733	99,397	99,354	98,923	98,333	97,793	96,569	95,162	91,062	61,660
Diluted (in shares)
169,620	59,642	165,622	110,956	109,802	109,621	109,089	108,157	105,831	102,191	102,225	102,467	101,364	99,817	102,176	99,414	99,232	98,167	97,230	95,941	95,889	94,316	97,250	95,753	95,723	98,988	95,689	97,029	95,675	96,733	99,397	99,354	98,923	98,333	97,793	96,569	95,162	97,464	92,734
Consolidated statements of comprehensive income (loss)
Net income (loss)
18,200	7,800	9,200	-5,200	200	-5,700	-13,400	-2,900	-23,300	-40,200	-3,600	-6,700	-8,300	13,100	37,400	-40,800	167,400	5,403	-32,970	-26,288	-30,445	-17,651	9,553	-16,799	-54,723	6,386	-37,571	187,733	-26,465	-28,911	-31,405	-31,371	-28,053	-608	-22,223	-23,956	-24,958	2,858	3,919
Other comprehensive income (loss):
Net change on derivatives designated as cash flow hedges, net of tax
-4,400	0	-500	100	200	700	400	-400	-200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-2,100	-100	-1,200	0	500	1,000	-1,500	-1,400	-500	600	-200	0	800	-400	200	-300	100	2	-429	-221	-52	-310	-253	21	238	122	-316	-543	34	-193	282	-319	184	-366	-363	-7	11	-	-
Comprehensive income (loss)
11,700	7,700	7,500	-5,100	900	-4,000	-14,500	-4,700	-24,000	-39,600	-3,800	-6,700	-7,500	12,700	37,600	-41,100	167,500	5,405	-33,399	-26,509	-30,497	-17,961	9,300	-16,778	-54,485	6,508	-37,887	187,190	-26,431	-29,104	-31,123	-31,690	-27,869	-974	-22,586	-23,963	-24,947	-	-
Basic:
Net income (loss)
18,200	7,800	9,200	-5,200	200	-5,700	-13,400	-2,900	-23,300	-40,200	-3,600	-6,700	-8,300	13,100	37,400	-40,800	167,400	5,403	-32,970	-26,288	-30,445	-17,651	9,553	-16,799	-54,723	6,386	-37,571	187,733	-26,465	-28,911	-31,405	-31,371	-28,053	-608	-22,223	-23,956	-24,958	2,858	3,919
Less dividends on preferred shares
5,400	5,300	5,300	5,100	5,000	4,900	4,800	4,800	4,600	4,600	4,400	4,400	4,300	4,200	4,100	4,100	50,300	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less income allocated to preferred shareholders
6,200	-	1,900	-	0	-	0	-	-	-	0	0	0	-97,200	15,100	0	33,100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available/allocated to common shareholders - basic
6,600	4,400	2,000	-10,300	-4,800	-10,600	-18,200	-7,700	-27,900	-44,800	-8,000	-11,100	-12,600	8,100	18,200	-44,900	84,000	-	-	-26,288	-30,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted:
Net income (loss)
18,200	7,800	9,200	-5,200	200	-5,700	-13,400	-2,900	-23,300	-40,200	-3,600	-6,700	-8,300	-	37,400	-40,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less dividends on preferred shares
5,400	5,300	5,300	5,100	5,000	4,900	4,800	4,800	4,600	4,600	4,400	4,400	4,300	-	4,100	4,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less income allocated to preferred shareholders
5,000	-	1,500	-	0	-	0	-	-	-	-	0	0	-96,800	15,000	0	32,800	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available/allocated to common shareholders - diluted
7,800	4,000	2,400	-10,300	-4,800	-10,600	-18,200	-7,700	-27,900	-44,800	-8,000	-11,100	-12,600	7,700	18,300	-44,900	84,300	-	-	-26,288	-30,445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-